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THE HOLT BANK CLOSES. Loans Have Congealed Finance Department Notified Aug. Holt Clay today its beloans partment The Holt chartered 1892. Heyde. state examiner, placed charge the Robert Henderson president and M Harris cashier. statement the bank showed total resources of said last in Holt that Mr. Heyde said he would would There the bank. decided Liberty, county They expressed the belief that depositors would receive good
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Holt Bank Closed Friday Morning Financial Institution in Neighboring Town Closed by Order of Directors. Following an all night session between the directors of the Holt Bank, The Farmers Bank and representative of the State Banking Department, last Thursday night, it was seen that consolidation was impossible and the directors of The Holt Bank decided to close and turn the affairs of the bank over to the state department for liquidation. The notice of closing was posted on the bank door at m., Friday, and the early down town visitors were the first to learn that the bank had failed. The last statement of the bank showed total resources of $80,646. Deposits amounted to $41,000. The officers of the bank were: Robt. Henderson, Pres., A. Brown, Vice-President, J. Harris, Cashier and S. D. Shelton Assistant Cashier. F. W. Heyde of the State Finance Department, who met with the directors, is of the opinion that the bank will able to make good payments after liquidation. The said that the bank was caught short the worst time of the year and that if it could have weatehred another month it likely would have been able to pull through. There was no run on the bank. The closing of this bank does not leave Holt without banking facilities the Farmers Bank of Holt is located there.
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Holt Bank Closed. The Holt Bank, at Holt, closed last Slow collections on notes Friday. the balance quite low making reserve for closing the bank. the reason the bank, but There no run on low owing the deposits were quite and the bank financial depression, cashable notes to did not have enough build the hence the decisreserve, the directors to the bank. of state bank examiner stated The could the bank have remained that open another month, the deposits would probably have increased sufto let pull through the ficiently all thought the pression right. would be paid without depositors much, any, loss. Total of $80,846 was resources the bank's last statement. shown in Deposits amounted to $41,000. Robert Henderson was president Harris cashier of the bank. another bank, the FarmHolt has Bank.